Daiwa Securities Group Inc. Grows Stake in Jacobs Solutions Inc. (NYSE:J)

Daiwa Securities Group Inc. increased its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 14.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,390 shares of the company's stock after purchasing an additional 4,440 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Jacobs Solutions were worth $4,633,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bayesian Capital Management LP bought a new stake in Jacobs Solutions in the first quarter valued at approximately $282,000. B. Riley Wealth Advisors Inc. increased its stake in Jacobs Solutions by 1.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 17,503 shares of the company's stock worth $2,691,000 after acquiring an additional 288 shares during the period. California State Teachers Retirement System raised its holdings in Jacobs Solutions by 1.5% in the 1st quarter. California State Teachers Retirement System now owns 206,216 shares of the company's stock valued at $31,702,000 after acquiring an additional 2,978 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Jacobs Solutions by 62.0% during the 1st quarter. Tidal Investments LLC now owns 16,647 shares of the company's stock valued at $2,559,000 after acquiring an additional 6,371 shares during the period. Finally, Comerica Bank grew its holdings in shares of Jacobs Solutions by 2.2% during the 1st quarter. Comerica Bank now owns 38,525 shares of the company's stock worth $5,923,000 after purchasing an additional 843 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Jacobs Solutions

In other news, EVP Shelette M. Gustafson sold 4,167 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total transaction of $625,633.38. Following the sale, the executive vice president now directly owns 24,564 shares of the company's stock, valued at $3,688,038.96. This represents a 14.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of the company's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the sale, the director now directly owns 42,069 shares of the company's stock, valued at approximately $6,346,108.65. This trade represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Benchmark cut shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Royal Bank of Canada reduced their target price on Jacobs Solutions from $167.00 to $152.00 and set an "outperform" rating on the stock in a report on Thursday, November 21st. StockNews.com assumed coverage on Jacobs Solutions in a research report on Tuesday. They set a "buy" rating for the company. Robert W. Baird raised their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an "outperform" rating in a research note on Wednesday, November 20th. Finally, Citigroup lowered their price objective on shares of Jacobs Solutions from $166.00 to $161.00 and set a "buy" rating for the company in a research report on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $156.50.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock traded up $0.26 on Wednesday, reaching $140.95. The stock had a trading volume of 324,025 shares, compared to its average volume of 807,520. The business's 50 day moving average is $141.92 and its two-hundred day moving average is $142.32. The company has a market cap of $17.51 billion, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 2.10 and a beta of 0.71. Jacobs Solutions Inc. has a 1 year low of $101.64 and a 1 year high of $150.54. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.71). The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.90 earnings per share. As a group, research analysts anticipate that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions's dividend payout ratio (DPR) is presently 18.33%.

Jacobs Solutions Company Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.